Default Distribution definition

Default Distribution has the meaning set forth in Section 4.3(b)(i).
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Examples of Default Distribution in a sentence

  • For purposes of this Agreement, “Distribution Date” means either the Default Distribution Date or the Designated Distribution Date, as the context shall so require.

  • Any such Series C Preferred Unit Ratchet Distribution shall be in addition to and shall not reduce any Series C Preferred Unit Base Distribution, Series C Preferred Unit Special Distribution or Series C Preferred Unit Default Distribution for the applicable Series C Preferred Unit Distribution Period.

  • To the extent permitted by the MDCC, you may have elected to defer distribution of your RSUs to a date subsequent to the Default Distribution Date by providing a written election form to the Company in accordance with the provisions of Internal Revenue Code (“IRC”) section 409A.

  • Any such Series C Preferred Unit Default Distribution shall be in addition to and shall not reduce any Series C Preferred Unit Base Distribution, Series C Preferred Unit Ratchet Distribution or Series C Preferred Unit Special Distribution for the applicable Series C Preferred Unit Distribution Period.

  • Any such Series C Preferred Unit Special Distribution shall be deemed to be a distribution payable to holders of Series C Preferred Units for the Series C Preferred Unit Distribution Period in which the record date for the corresponding Special Dividend falls, and shall be in addition to and shall not reduce any Series C Preferred Unit Base Distribution, Series C Preferred Unit Ratchet Distribution or Series C Preferred Unit Default Distribution for such Series C Preferred Unit Distribution Period.

  • Maximum Number of [Name of Certificates] Up to [_________] Aggregate Stated Amount of [Name of Certificates]: $[__________] Authorized Denomination: $[___] and integral multiples thereof Rating Agencies: [_________] Closing Date: [________, 20__] Distribution Dates: [_________] and [_________], the Maturity Date, [any Underlying Securities Redemption Distribution Date] or any Underlying Securities Default Distribution Date.

  • A Participant may elect prior to March 1 of the year following the year which contains his or her Severance Date to defer the distribution of his or her Account to a fixed determinable date later than the Default Distribution Date; provided, that such date is not later than April l of the year following the Participant’s attainment of age 70½, or if later, April 1 of the year following the year which contains the Participant’s Severance Date.

  • Any Series C Preferred Unit Default Distribution shall be payable on the same date as the corresponding Default Dividend is payable to holders of record at the close of business on the record date for the corresponding Default Dividend.

  • If and so long as a Notice of Default Distribution is in effect, the Collateral Trustee shall exercise the rights and powers vested in it by this Agreement upon receipt of satisfactory indemnity as provided in Section 15.06(d), and shall not be liable with respect to any action taken by it, or omitted to be taken by it, in good faith in accordance with the direction of the Required Secured Parties or directions given to the Collateral Trustee pursuant to Section 13.04(b).

  • You may elect to defer distribution of your RSUs to a date subsequent to the Default Distribution Date by providing a written election form to the Company by no later than __________.

Related to Default Distribution

  • Security Distribution Due Date The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • Clause B Distribution shall have the meaning specified in Section 14.04(c).

  • Distribution Event means, as to each Participant, the earliest of the following events:

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.